This chapter discusses the concept of hedge funds, their changing definition, and the influential role of Bridgewater Associates. It explores the balance between reporting on the financial industry and the people involved, and the shift in the industry's view on publicity. The chapter also delves into the dynamics of interactions with Ray Dalio, challenges in maintaining relationships, and his reputation as a writer and promoter of his ideas.
Rob Copeland is a finance reporter for The New York Times. His recent book is The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend.
“If I stab you, I'm going to stab you in the chest, not the back. You're going to see it coming. ... But if you're going to tell me something's wrong, you have to keep talking. I'm not going to take your word for it. I have a reason for why I believe my reporting to be true, and I'm going to present it to you as best I can. But just because you say something's wrong doesn't make it so.”
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